Gordonville, PA Divorce Buyout in Pennsylvania
Since 1979 Somerset Investors Corp. Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Pennsylvania, offering its expertise in many of the circumstances that life brings to many homeowners. In most cases Somerset has been able to provide lower payments for the spouse remaining while giving large cash outs to the other. Our Divorce Buyout Loan Specialists work with you to determine how much of a loan you need and what it will cost to refinance.Following is an example of how Divorce Buyout works:
Example: John and Jane own a house valued at $500,000, with a mortgage (or mortgages) that total $300,000. If you subtract the value from the total loan about ($500,000 - $300,000) you get the equity of the house, in this case $200,000. If John and Jane split their assets 50-50, each have $100,000 equity in the house. Therefore, if John wishes to keep the house, he would need to refinance the mortgage(s) with a total loan amount of $400,000 and use the remaining $100,000 to buy out his spouse.
Return to divorce buyout in the state of PA
| Gordonville, Pennsylvania News |
Officials Shut Down Lancaster County Kennel
Dog wardens have shut down a kennel in Gordonville, Lancaster County. Twenty dogs were removed Wednesday.
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Humane League gets kennel dogs
A Gordonville dog breeder on Wednesday signed 20 dogs over to the Humane League of Lancaster after he was unable to bring his kennel into compliance with state dog laws.
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Illegal Lancaster County Kennel Shut Down, 20 Dogs Removed
Dog wardens, working with the Humane League of Lancaster County, shut down an illegal dog kennel Wednesday in Gordonville, Lancaster County, and removed 20 dogs from the facility.
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Amish Look To The Sun For Power
The Amish in Gordonville, Pa., tap into "God's grid" with solar panels. Amish Tap Into 'God's Grid' Mainstream culture has been reluctant to embrace solar energy but it may surprise you to know that Amish ...
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Amish lead the way in solar power
Cows graze on a nearby hill. Tobacco hangs in a shed to dry. Horses pulling black-and-gray buggies clop clop by Elam Beiler's business in Ronks every few minutes, unfazed by several purple-and-black solar ...
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Police: 5 cars collide on Route 23
Five cars collided Tuesday in a chain-reaction crash, New Holland police said. No one was injured, but one motorist was cited with careless driving.
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Solar Energy From An Unlikely Source: The Amish
Elam Beiler, right, works on a wind turbine in the back shop of his Advanced Solar Industries business.
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2 die in crashes on county roads
Two people were killed on county roads Tuesday. Betty Francis, 81, of Willow Street died in a two-car wreck in Paradise Township at about 4:30 p.m. Five hours later, Jeffrey L. Kaltreider, 40, of Elizabethtown ...
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Amish turn to solar power for electricity
They draw a line in how they use it for work and in the home. By Fabian Loehe Inquirer Staff Writer On the porch of a white Lancaster County farmhouse set between corn and soy bean fields, an Amish woman makes ...
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3 busted in Brecknock break-ins
Scarcely a morning went by in July that state police in Ephrata didn't take a report of a burglary at a Brecknock Township business.
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Woman charged in connection with E-town robbery
Elizabethtown police have filed charges against a woman who allegedly helped three men commit a robbery Aug.
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Heating up
By offering to cut installation costs by a third, the alternative energy subsidy signed into law in July by Gov.
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Just Plain hospitable
Thirteen Englishers filed into an Amish home near Gordonville on a recent evening and perched politely on folding chairs.
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Club cited for liquor violation
Veterans of Foreign Wars Garden Spot Post 1690, 343 New Dorwart St., received a citation for a liquor law violation Thursday, State Police at Harrisburg reported.
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Man with gun robs bank in E. Lampeter
A branch of M&T Bank in the 2400 block of Old Philadelphia Pike was robbed late Saturday morning.
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Energy is becoming a hot commodity
Jerry Stern made a fist and pounded on the solar panel in his display barn. The black tempered glass was unblemished.
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McLaughlin in final four
South Western High School graduate Mike McLaughlin advanced to the semifinals of the Boys' 18 Singles tennis competition on Wednesday at the Keystone State Games.
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Thieves strike cash boxes at roadside stands
Once again, thieves have their eyes on money left in cash boxes at Lancaster County roadside stands and small businesses.
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Fire at eatery; damage $200,000
An early morning fire Tuesday caused an estimated $200,000 in damage to a Paradise restaurant, investigators said.
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Pot pie & handcuffs?
Talk about your warm wilkum. Lancaster's new police chief, who's known for dabbling in the kitchen, told us in a profile 10 days ago that he was on the hunt for a good Amish cookbook.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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